Xactium News

Risk Management Industry News for FCA Regulated Businesses

Xactium Selected by Octopus Group to Transform its Risk Management Process

Posted by Serina Gill on Mon, Feb 05, 2018

Octopus Logo-943223-edited.pngXactium, a cloud based GRC software provider, has been selected by Octopus Group to transform its risk management process after it recognised the need for a more secure and sophisticated solution.

Octopus Group is one of the UK’s fastest growing companies and is an expert in investments, UK smaller companies, energy and healthcare. It currently manages more than £7 billion on behalf of its customers.

By selecting Xactium, Octopus Group now has access to an intuitive self-definable Risk Management system, ready to be rolled out to all employees. Xactium will improve risk visibility across the organisation and enable employees to work more efficiently, giving them more time to achieve their own objectives.

Andy Evans, Managing Director, Xactium says: “It’s fantastic to be working with a modern and innovative business such as Octopus, who will quickly reap the cost and time saving  benefits of adopting one of the most modern, innovative and flexible risk platforms available. We also look forward to rolling out the new releases of our Audit and Compliance modules, to provide Octopus with a truly integrated GRC solution”.

Eva McDonald, Group Risk Manager at Octopus, explains: “We’re very much looking forward to working with Xactium. They offer us a truly innovative and unique solution, improving our risk visibility across the Octopus Group”.


- About Xactium -

Xactium is a cloud based GRC software provider that helps Risk Managers to transform the way that Financial services organisations evaluate and manage their enterprise risk. The value of the risk process and its profile is raised through the use of risk intelligence that improves efficiency and creates insights that influence decisions across the business.

As the central risk platform used by the FCA to supervise the market, it has also been adopted by a wide range of financial services organisations from across the industry. Companies such as Direct Line Group, JLT, MS Amlin and Argo Group.

Xactium is the world's first enterprise risk-intelligent system, with the revolutionary use of embedded AI (Artificial Intelligence), 3D visualisation and automation that dramatically improves efficiency and creates innovative analytics. Reporting is made easy and timely, and predictive insights enable senior managers to prioritise resources.

Xactium is also built for managing change and is probably the most flexible and configurable enterprise risk management system available today. This adaptability ensures that our customers stay up to date and able to respond to both business and regulatory change, without the need for costly bespoke programming.

Overall, Xactium releases more time and resource for the risk team to help promote best practice and demonstrate the value of risk across the business through actionable insight.

- About Octopus Group -

Octopus is one of the UK’s fastest growing companies. We’re building businesses to transform markets and customer expectations. We are experts in investments, UK smaller companies, energy and healthcare. We currently manage more than £7 billion on behalf of our customers. Octopus Energy, Octopus Healthcare, Octopus Investments, Octopus Labs,  Octopus Property and Octopus Ventures are all part of Octopus Group. Visit octopusgroup.com.